Is Washington-Chappell Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington-Chappell Hill is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Washington-Chappell Hill was a Seller's Market.

Key Takeaway

Washington-Chappell Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Washington-Chappell Hill, TX

How much do homes in Washington-Chappell Hill, TX cost?

Median Sold Price

$485,000

$265/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$185,000(+61.7%)

Key Takeaway

Homes in Washington-Chappell Hill have sold for 61.7% more than they did a month ago.

Summary: The median home sold price in Washington-Chappell Hill was $485,000 in October 2024, up 61.7% from last month, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $295K-
N/A
2 --
N/A
3 $289K$485K
+67.8%
4 $1.2M-
N/A
5+ --
N/A

Summary: Washington-Chappell Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 67.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chappell Hill
+68.3%
Washington-Chappell Hill
+61.7%

Housing Supply in Washington-Chappell Hill, TX

How many homes are available in Washington-Chappell Hill, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2725-7.4%

Summary: The Washington-Chappell Hill real estate market had 25 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 45
+25.0%
3 1212
0.0%
4 75
-28.6%
5+ 11
0.0%

Summary: The Washington-Chappell Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington-Chappell Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Washington-Chappell Hill in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Washington-Chappell Hill, TX

How long does it take to sell a home in Washington-Chappell Hill, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
157 Days101 Days-35.5%

Summary: Homes in Washington-Chappell Hill had an average of 101 days on market in Oct 2024, down by 35.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Washington-Chappell Hill are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Washington-Chappell Hill; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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